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One of the facts of life is that emergency expenses can pop up at any time. Despite even the most careful budgeting, unexpected home, car or family costs can leave you feeling stressed and in need of quick cash.
You may have heard of faxless payday loans, but perhaps you associate them with a busy loan branch in town. But what if you need cash at a time the store isn’t open, like on a weekend or holiday? The good news is that modern lenders have made it easier than ever to apply for a loan 24/7, helping you get that cash faster and get back on your feet financially.
A payday loan is a type of short term loan that is given with the intention to be repaid upon your next paycheck. It is kind of like a cash advance up to $1500 on your paycheck, and as it is unsecured it means you won’t need to put down any collateral.
Many Canadians make use of this financial resource to help them stay on top of expenses and cover emergency costs. Modern lenders have made it quicker and easier than ever before to apply for and receive a payday loan, making it a valuable tool for when money gets tight. Apply from home and you may be able to get the money in your account within hours! Hopefully your credit isn't too bad but best to talk a rep about it.
Traditional loans, like those from a bank or a brick and mortar loan agent, are bound by the opening times of each business. Of course, emergencies don’t respect these schedules!
While at one time you likely would have had to wait in line during regular business hours, you can now apply online for a payday loan 24/7, 365 days a year.
This makes it easier for you to schedule the application into your hectic schedule, and makes it faster to get the much-needed funds. Overall, getting an e transfer payday loan means you don’t have to worry about the frustration of being bound by restrictive branch hours or in-person crowds.
Every lender will have slightly different processes, rates and regulations, so it’s a great idea to do your research before signing for a payday loan. Start by doing a search for “payday loans near me”, “weekend payday loans” or “quick cash in Canada”. This will hopefully narrow down your search, and you can explore the options.
Some things to look for in an online lender include:
Once you’ve researched online lenders that serve your part of Canada and have found the right one, it’s time to start the process towards getting your money. This looks like:
Once your loan has been approved and you have electronically returned the signed paperwork, an Interac email transfer will automatically. This means that upon approval, you could have the funds in your account in 5 minutes!